Greenwell: Without Gender Balance, Companies Miss 'Best Solutions'

Posted: Updated:
INDIANAPOLIS -

Indianapolis-based The Finish Line Inc. (Nasdaq: FINL) Chief Operating Officer Melissa Greenwell says while some progress is being made in balancing the equation when it comes to women at the highest levels of companies, "there is still great opportunity." She says more than 80 percent of executive-level positions are filled by men, which largely leaves women out of key boardroom decisions and hurts companies' bottom lines. Greenwell, the of "Money on the Table: How to Increase Profits through Gender-Balanced Leadership," led off a special edition of Inside INdiana Business with Gerry Dick focusing on women in business. She said "to think that -- most of the time -- we're missing one of the genders in the gender diversity scenario, then we're absolutely not getting to the best solutions."

Greenwell  suggests companies need to build a pipeline early for women to end up in board seats or positions in c-suites. She says companies with big gender imbalances are "not being thoughtful about how we achieve that. Not being deliberate enough. More now means more later." Greenwell adds "then we have to do the things that are necessary to keep female talent." Often, Greenwell says, women that do rise through the ranks end up leave when they reach manager or director level.

Greenwell also discussed how companies must build a brand and a culture that attracts and retains women in order to re-balance the gender makeup in leadership roles. You can connect to more about her book by clicking here.

  • Perspectives

    • Circling Back on WeWork

      Back in July when we first discussed WeWork, this fast-growing but money-losing venture was one of the most talked-about IPOs in years. At that time, we noted that it was too early to say what would happen, but “it should be very interesting to watch it all play out.” Turns out, that was a massive understatement!

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • Artist rendering of proposed headquarters for Ruoff Home Mortgage in Fort Wayne.

      Ruoff to Build New HQ in Downtown Fort Wayne

      Fort Wayne-based Ruoff Home Mortgage has announced plans to build a $43 million corporate headquarters in downtown Fort Wayne. Plans call for a 110-thousand square foot, nine-story structure, at the corner of Ewing Street and Jefferson Boulevard. The building would include leasable office and retail space, as well as a parking garage. It would overlook Parkview Field, home of the Fort Wayne Tin Caps minor league baseball team. The company is currently located on...

    • (IIB Photo/Alex Brown)

      India Wants to Partner with Indiana on Sports

      Indiana Secretary of Commerce Jim Schellinger says a recent trade trip to India included a rare meeting that produced some interesting results.  Schellinger and Governor Eric Holcomb were granted an audience with Indian Prime Minister Narendra Modi.  “We were taken aback at how well he knew Indiana,” said Schellinger. “He knew our (economic) background, our educational background, our history of sports statewide,” said Schellinger, who added...

    • (stock image courtesy of Pixabay/Gerd Altmann)

      Hoosier Banks Rated for Work Environment

      Three Indiana banks have been judged as Best Banks to Work for in the U.S. by American Banker. The publication compiled a list of the top 85 banks in the country having a good work environment and strong, engaging leadership. 

    • The company also owns a building leased by Ulta in IN. Photo courtesy of Monmouth Real Estate Investment Corp.

      Greenwood Amazon Building Gets New Owner

      New Jersey-based Monmouth Real Estate Investment Corp. (NYSE: MNR) is acquiring a property in Greenwood.  The company says it is purchasing the nearly 616,000-square-foot industrial building for $81.5 million and will lease the space in a 15-year agreement to Amazon.com Services Inc. 

    • Circling Back on WeWork

      Back in July when we first discussed WeWork, this fast-growing but money-losing venture was one of the most talked-about IPOs in years. At that time, we noted that it was too early to say what would happen, but “it should be very interesting to watch it all play out.” Turns out, that was a massive understatement!